Item 1: Resolutions Adopting FY11 Budget

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ECC UGENE ITY OUNCIL AIS GENDA TEM UMMARY Public Hearing: A Resolution Adopting the Budget, Making Appropriations, Determining, Levying and Categorizing the Annual Ad Valorem Property Tax Levy for the City of Eugene for the Fiscal Year Beginning July 1, 2010 and Ending June 30, 2011; a Resolution Electing to Receive State Revenue Sharing Funds Pursuant to Section 221.770 of Oregon Revised Statutes; and a Resolution Certifying that the City of Eugene Provides the Municipal Services Required by Oregon Revised Statues Section 221.760 in Order to Receive State Shared Revenues Meeting Date: June 21, 2010 Agenda Item Number: 1 Department: Central Services Staff Contact: Mia Cariaga www.eugene-or.gov Contact Telephone Number: (541) 682-5408 ISSUE STATEMENT This meeting is a public hearing with no action required. Oregon Local Budget Law requires the City to conduct a public hearing to hear testimony on the FY11 City of Eugene Annual Budget as recommended by the Budget Committee and on the proposed uses of State Revenue Sharing funds. Resolutions electing to receive State Revenue Sharing and certifying that the City of Eugene provides municipal services required for receipt of state-shared revenues are also required in order to continue receiving those state funds. Finally, ORS 294.434 requires the City Council to pass a resolution adopting the budget, making appropriations, determining, levying and categorizing the annual ad valorem property. Council is scheduled to take final action on the FY11 budget on June 28, 2010. BACKGROUND Council Action History The City Council has consistently met the requirement of Oregon Local Budget Law which requires that a jurisdiction adopt an annual budget by June 30 of each year. If a jurisdiction elects to receive State Revenue Sharing funds, it must hold a public hearing on the proposed uses of the funds and adopt resolutions or ordinances electing to receive the funds and certifying that the city provides qualifying municipal services. Financial and/or Resource Considerations Financial and/or resources considerations are detailed in the FY11 Proposed Budget document and Budget Committee motions. A summary of the Budget Committee actions is provided in Attachment A. State Revenue Sharing The FY11 estimated revenue from State Revenue Sharing is $1,291,000. The funds will be used to support General Fund services.